Approaches to forming of creative economy innovative ecosystem in the region

Journal Title: Регіональна Економіка - Year 2017, Vol 85, Issue 3

Abstract

Problem: solution of social and economic problems through attraction and realization of intellectual capacity requires active regional policy to create stimuli and conditions, when the representatives of creative entrepreneurship will be able to become legitimate agents of economic system and will contribute to territorial sustainable development. For this reason it is necessary to conduct more efficient activity towards establishment of horizontal links between the participants of creative process in the framework of creation of the relevant space on the basis of network interrelation, which requires the development of specific methodology. <br>Purpose: definition of theoretical and methodological basis of forming of creative economy innovative ecosystem in the region and development of its conceptual model and grounding of its use conditions while managing the regional development. <br>Research methods: the authors used the provisions of regionalism and institutionalism theories in terms of the principles of creative economy concept and network management of regional development. On the basis of system approach the conceptual model of creative economy innovative ecosystem forming in the region was developed and peculiarities of interrelations between its components were explained. <br>Results of the research: the nature of interrelation between social and economic development and forming of regional innovative ecosystems is outlined. Capacity of Ukraine in terms of implementation of creative programs and projects is defined. Conditions of regional economic policy implementation mechanism application are determined in terms of establishment of regional innovative ecosystem and strengthening of institutional relations’ role between the agents of economic system in order to form creative sector of economy in a region. The following conditions of efficiency maintenance for management of creative economy ecosystem development are stipulated as following: broad spectrum of political, economic, cultural processes in a region, which manifest themselves in authorities and governance decentralization, strengthening of economic independence, preserving and development of cultural traditions; improvement of regional authorities’ responsibility for the conditions and development of creative capacity in a region. Peculiarities of production of creative product in interrelation with participants of regional market are defined. Conceptual model of creative economy innovative ecosystem forming in the region is developed and basic elements (institutions) of such system are defined. Their role and functions in terms of creation of creative eco environment are characterized in order to maintain efficient use and development of innovative capacity in a region. <br>Conclusions and recommendations: introduction of institutional mechanisms of regional innovative ecosystems forming is a complex scientific-theoretical and practical task of strategic nature and its solution requires development of methodology to define peculiarities of cooperation of creative process participants that takes place at regional level. In terms of expansion of economy network organization we can talk about interactivity that requires information exchange between the agents of relevant institutional environment and therefore stipulates application of modern means of innovative infrastructure, development and realization of program goals in the form of creative projects within the scale of a certain region as well as the necessity to create spaces for creativity and organization of cluster structures. This will allow the creative community of relevant territory to implement opportunities for personal fulfillment and obtaining of additional income.

Authors and Affiliations

Stepan A. Davymuka, Lyubov I. Fedulova

Keywords

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  • EP ID EP433490
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How To Cite

Stepan A. Davymuka, Lyubov I. Fedulova (2017). Approaches to forming of creative economy innovative ecosystem in the region. Регіональна Економіка, 85(3), 17-27. https://europub.co.uk/articles/-A-433490